This bill amends existing laws regarding employer contributions to the unemployment compensation fund in Alaska. It introduces a new requirement for employers to contribute 0.4 percent of their wages to the unemployment fund, which will be collected by the department and remitted to the Department of Revenue. The revenue generated from this contribution can be appropriated by the legislature to support the employment assistance and training program account. Additionally, the bill allows employers to receive a credit against their contribution based on the contributions they have already made, potentially reducing their liability to zero if the credit equals or exceeds the amount owed.

Furthermore, the bill modifies the contribution rates for employers under AS 23.20.290(c). It establishes that the contribution rate cannot exceed six and one-half percent and introduces a minimum contribution rate of zero percent, with specific provisions for employers with less than four quarters of experience. The bill also specifies that the contribution rates must be rounded to the nearest 1/100th of one percent. The changes outlined in this bill will take effect on January 1, 2027.

Statutes affected:
HB0267A, AM HB 267, introduced 01/23/2026: 23.15.630, 23.20.175, 23.20.290, 37.10.050, 23.15.625